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Intel (INTC) Stock Rises After In-Line Forecast Amid Reconstruction Plan
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Intel (INTC) Stock Rises After In-Line Forecast Amid Reconstruction Plan

Intel Corp. issued a fourth-quarter revenue forecast that was slightly above expectations, raising optimism that it will be able to regain some of the lost market share.

Fourth-quarter revenue will be between $13.3 billion and $14.3 billion, the Santa Clara, California-based company said in a statement. That compares with the average $13.6 billion that analysts estimate. The company expects earnings of 12 cents per share, compared with the 6 cents Wall Street forecast.